Bitwise NEAR Staking ETP hits $100M milestone The Bitwise NEAR Staking ETP has surpassed $100 million in assets under management, @Bitwise_Europe confirmed on September 22. The milestone arri
The Bitwise NEAR Staking ETP has surpassed $100 million in assets under management, @Bitwise_Europe confirmed on September 22. The milestone arrives in under three months since the product's debut. Bitwise launched the NEAR Staking ETP (ticker: NEAR; ISIN DE000A4A5GV2) on Deutsche Börse Xetra in July 2025.The ETP is fully backed and issued in Germany, designed to deliver efficient staking returns and a low total cost of ownership.
The product stakes the $NEAR tokens it holds, targeting an estimated annual yield of around 5.5% net of fees and total expense ratio, while maintaining daily liquidity on the regulated market.The ETP is structured to accumulate daily staking yields, meaning returns compound over time rather than being distributed periodically. The product is designed for both institutional and retail investors who are familiar with digital assets and are seeking to diversify their portfolios.
NEAR Protocol itself has shown strong network growth. In Q2 2025, NEAR ranked second among the most-used blockchain platforms by monthly active users, just after Solana.This growth is driven in part by NEAR's chain abstraction technology, which makes it easier for people to use apps across different blockchains without needing multiple wallets or tokens.
The European AUM milestone lands as @Bitwise is simultaneously pursuing a separate, spot $NEAR ETF in the United States. According to a Form S-1 filing, the proposed Bitwise NEAR ETF is designed to give investors direct exposure to the price of the NEAR token by holding actual NEAR tokens in custody.Bitwise named Coinbase Custody as the proposed custodian.
Bitwise filed Amendment No. 6 to the Trust's Registration Statement on Form S-1 with the SEC on September 16, 2026, keeping the application active and signalling that the firm remains committed to bringing a regulated $NEAR vehicle to US investors. The dual-track approach, with a staking ETP already generating returns in Europe and a spot ETF working through Washington's approval process, reflects a broader industry push to bring altcoin investment products to mainstream audiences on both sides of the Atlantic.
Sources:Bitwise Lists NEAR Staking ETP on Xetra (GlobeNewswire, July 2025)Bitwise NEAR Staking ETP product page (Bitwise Europe)Bitwise Seeks SEC Approval to Launch Spot NEAR ETF (ETF.com)
